Crypto
ARB Price Surges 31%, Can Momentum Sustain the Rally?
The price of Arbitrum (ARB) has surged by 31% to hover at the $0.11 mark, reflecting extreme buyer dominance in its momentum.
This growth is particularly notable as the new month begins on September 1, with ARB trading at around $0.1116 and posting a 31.6% gain in value.
The daily volume has settled at $381.13 million, while its 24-hour session has ranged between $0.08477 and $0.1193.
One significant factor contributing to this rally is the success of the Robinhood Chain built on Arbitrum Orbit, which generated over $1.92 million in fees in a single 24-hour period since July 8.